Dow Jones Industrial Averageoverview of the Dow Jones & Fed meeting.
The Dow Jones Industrial Average, often referred to as the DJIA or Dow 30, is a stock market index that monitors the performance of 30 large, publicly traded blue-chip companies listed on both the New York Stock Exchange (NYSE) and Nasdaq. Originally formulated in 1896 by Charles Dow and Edward Jones, this index serves as a pivotal benchmark for assessing the overall health of the United States economy,
Fed meeting trigger a new all-time high for the Dow Jones Industrial Average:
Highlights of meeting-
1. The Federal Reserve maintained unchanged interest rates for the third consecutive meeting.
2. The US Federal Reserve revised its growth and GDP estimate upward, indicating a more
optimistic view of the economy's expansion potential.
3. Federal Reserve officials anticipate a reduction in rates by 75 basis points in the upcoming
year.
Impact of Fed meeting.
1. Dow Jones made a new all-time high.
2. Decline in the dollor index .
3. Sharp fall in US 10 year paper from 4.20% to 3.94% .
4. Strong buying in Bullions (Gold & Silver) .
5. Buying in base metals.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
